Circle to Launch Cross-Chain Transfer Protocol V2 on Stellar for USDC Interoperability

The launch of USDC and the updated Cross-Chain Transfer Protocol V2 on Plume enables seamless cross-chain transfers across supported blockchains, enhancing liquidity and accessibility.

USDC

Summary

Circle has announced the launch of USDC and the Cross-Chain Transfer Protocol (CCTP) V2 on Plume, allowing institutions, developers, and enterprises to perform seamless cross-chain transfers with USDC across supported blockchains. The upgrade is expected to improve liquidity and streamline operations for various blockchain applications.

Terms & Concepts
  • Cross-Chain Transfer Protocol (CCTP): A protocol developed by Circle that enables seamless cross-chain transfers of USDC, enhancing interoperability between different blockchains using a burn-and-mint process.
  • USDC: USD Coin, a digital stablecoin fully pegged to the U.S. dollar, issued by Circle, used for digital payments and decentralized finance applications.